Corporate news

November 08, 2019 - 11:18 am
BURLINGTON, Vt. (AP) — Ben & Jerry's is facing a lawsuit accusing the ice cream maker and its parent company of false advertising by saying the milk and cream in its products comes from "happy cows." In a complaint filed Oct. 31 in federal court in Burlington, Vermont, where Ben & Jerry's...
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In this July 8, 2019, photo, Honda cars wait to be exported at Yokohama port, near Tokyo. Honda recorded a 6.7% decline in July-September profit as vehicle and motorcycle sales slipped and an unfavorable exchange rate hurt earnings at the Japanese automaker, Honda Motor Co. reported Friday, Nov. 8, 2019. (AP Photo/Koji Sasahara)
November 08, 2019 - 2:40 am
TOKYO (AP) — Honda has become the latest automaker to report weaker earnings as global demand softens. The company said Friday that its profit in the July-September fell 6.7% from a year earlier to 196.5 billion yen ($1.8 billion) as vehicle and motorcycle sales slipped. An unfavorable exchange...
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FILE- In this Sept. 28, 2015, file photo Art Peck, CEO of Gap, speaks at the Clinton Global Initiative in New York. Peck is stepping down as the company continues to grapple with slumping sales. Peck, who has been CEO since 2015, will be temporarily replaced by Gap's non-executive chairman of the board Robert Fisher. (AP Photo/Mark Lennihan, File)
November 07, 2019 - 7:42 pm
NEW YORK (AP) — Gap announced Thursday that CEO Art Peck is stepping down as the company struggles to turn around a long-standing sales slump. The San Francisco-based retailer also lowered its earnings outlook for the year as sales at the Gap, Banana Republic and Old Navy fell in the most recent...
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FILE - In this Sept. 24, 2019, file photo people walk by a Google sign on the campus in Mountain View, Calif. Alphabet’s board of directors is investigating claims of sexual misconduct made against executives and how the company handled the allegations. (AP Photo/Jeff Chiu, File)
November 07, 2019 - 4:06 pm
SAN FRANCISCO (AP) — In response to shareholder lawsuits, the board at Google parent Alphabet is investigating claims of sexual misconduct made against executives and how the company handled them. CNBC first reported Wednesday that the company has hired an outside firm to examine how its executives...
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FILE- In this Nov. 27, 2018, file photo a banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors' Lordstown plant in Lordstown, Ohio. General Motors is selling the Ohio assembly plant it closed in March to a new company that plans to begin making electric trucks in late 2020. The company called Lordstown Motors Corp. said Thursday, Nov. 7, 2019, that it initially intends to hire 400 production workers but still needs more money from investors. (AP Photo/John Minchillo, File)
November 07, 2019 - 3:53 pm
TOLEDO, Ohio (AP) — General Motors is selling a massive assembly plant it shut down earlier this year in Ohio, a closing that drew threats and scolding from President Donald Trump, to a newly formed company that said Thursday it intends to begin making electric trucks by late 2020. The company...
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FILE- In this Jan. 23, 2019, file photo a Pacific Gas & Electric truck enters their customer center in Hayward, Calif. Pacific Gas & Electric Co. on Thursday, Nov. 7, reported a third-quarter loss of $1.62 billion, after reporting a profit in the same period a year earlier. (AP Photo/Ben Margot, File)
November 07, 2019 - 3:43 pm
Pacific Gas & Electric reported another huge loss on Thursday as the fallout from catastrophic wildfires blamed on its outdated transmission lines drive the bankrupt utility into a deeper hole. The company estimated it's facing a bill of more than $6 billion this year alone to pay for...
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Italian Prime Minister Giuseppe Conte attends a press conference at the end of a Cabinet Minister meeting in Rome, Wednesday, Nov. 6, 2019. Worried about big job losses, Italy’s government met Wednesday with Indian steel baron Lakshmi Mittal and other company executives to try and convince ArcelorMittal, the world's largest steelmaker, not to pull out of a deal to acquire the steel plant in southern Italy. (Giuseppe Lami/ANSA Via AP)
November 07, 2019 - 10:47 am
ROME (AP) — Italy has given steel maker ArcelorMittal a few days to agree to a plan to keep operating a major southern Italian steel plant, where the company says legal challenges and a "climate of hostility" will hinder its business plans. Political pressure was building Thursday both within Italy...
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November 07, 2019 - 10:46 am
CENTRAL ISLIP, N.Y. (AP) — A New York judge on Wednesday scheduled what could be the second state-level trial in the U.S. on the toll of opioids. Judge Jerry Garguilo set a trial date of Jan. 20 for claims brought by the state attorney general and the Long Island counties of Nassau and Suffolk...
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November 07, 2019 - 6:11 am
MILAN (AP) — Italy's biggest bank, UniCredit, says it made a big profit in the third quarter but has warned that the economic outlook appears dim. The bank said Thursday that it made 1.1 billion euros ($1.2 billion) in the quarter, up from just 29 million euros in the same period a year earlier. It...
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FILE - In this Nov.14, 2017 file photo, a site of cement maker Lafarge is pictured in Paris. A French court Thursday Nov. 7, 2019 has quashed the charges of "complicity in crimes against humanity" pressed against French cement company Lafarge yet said the judicial proceedings over Syria funding deals can continue. (AP Photo/Christophe Ena, File)
November 07, 2019 - 3:55 am
PARIS (AP) — A French court on Thursday quashed charges of "complicity in crimes against humanity" pressed against French cement company Lafarge, but says other charges will be considered over payments made to Syrian armed forces. The other charges that the Paris appeal court maintained against the...
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